Short Interest in First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Rises By 47.5%

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 359,000 shares, a growth of 47.5% from the January 15th total of 243,400 shares. Based on an average daily trading volume, of 137,700 shares, the short-interest ratio is currently 2.6 days.

First Trust NASDAQ 100 Technology Index Fund Stock Up 0.5 %

Shares of QTEC opened at $207.80 on Friday. The stock’s fifty day simple moving average is $196.45 and its 200-day simple moving average is $192.15. The firm has a market capitalization of $4.16 billion, a PE ratio of 35.60 and a beta of 1.17. First Trust NASDAQ 100 Technology Index Fund has a 12-month low of $164.27 and a 12-month high of $208.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Topsail Wealth Management LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the fourth quarter worth approximately $210,000. Integrated Wealth Concepts LLC grew its holdings in First Trust NASDAQ 100 Technology Index Fund by 6.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 82,984 shares of the company’s stock worth $15,624,000 after acquiring an additional 4,666 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of First Trust NASDAQ 100 Technology Index Fund by 50.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 24,144 shares of the company’s stock valued at $4,598,000 after acquiring an additional 8,081 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 4.2% in the 4th quarter. MML Investors Services LLC now owns 24,511 shares of the company’s stock valued at $4,615,000 after purchasing an additional 988 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 2.1% in the 4th quarter. First Trust Advisors LP now owns 4,296,257 shares of the company’s stock valued at $808,899,000 after purchasing an additional 90,302 shares during the period.

First Trust NASDAQ 100 Technology Index Fund Company Profile

The First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is an exchange-traded fund that is based on the NASDAQ-100 Technology Sector index. The fund tracks an equal-weighted index of the largest Nasdaq-listed US technology stocks. QTEC was launched on Apr 19, 2006 and is managed by First Trust.